Our no monthly fee account that gives you more

The Nationwide FlexDirect account

Our online FlexDirect account pays 5% AER interest fixed for the first 12 months. That’s on every penny in your account up to £2,500 – 4.89% gross a year. After that, you’ll get 1% AER/gross a year (variable). All you need to do is pay in £1,000 a month, not counting transfers from other Nationwide accounts or Visa credits.

We'll pay the 5% rate on the first account you open in just your name. Plus, if you want to share another account with someone else, we'll pay the 5% rate on the first joint account you open with them.

FlexDirect is based on a simple self-service concept. For the most part, you'll manage your account through our Internet Bank or Banking app.

Here's what you get with FlexDirect

In-credit interest

5% AER (4.89% gross p.a.) in-credit interest on balances up to £2,500 (fixed for the first 12 months).

Interest free arranged overdraft for 12 months

Pay no interest on your arranged overdraft for 12 months from the date you open the account. We’ll need to look at your circumstances first.

No monthly account fee for maintaining the account

That's right, no monthly fee just for keeping your account with us!

If you’ve had a FlexDirect account before, it’s not possible to use this offer again. However, you will get the offer on a new joint account, as long as you have not shared a FlexDirect account with that person before.

FlexDirect also comes with...

** Available on selected Apple devices only and compatible Android devices using Android 4.4 and higher. Apple and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC.

Samsung Pay is available on selected Samsung devices. Samsung and Samsung Pay are trademarks or registered trademarks of Samsung Electronics Co., Ltd. Use only in accordance with law.

Nationwide adheres to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk

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Switching to Nationwide is fast, seamless and guaranteed

  • Fast – switch in just 7 working days. You choose the date, and we’ll let you know when it’s done.

  • Seamless – a dedicated team does it all for you. They’ll switch your payments, balance and even your list of payees.

  • Guaranteed - there shouldn't be any problems but if there are, you won't lose a penny.

Apply online and choose to switch in the application form.

It's easy to apply for a new FlexDirect account

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Useful information

About FlexDirect

You need to be 18 or over to apply for an arranged overdraft. We’ll check your circumstances before we make our decision.

You need to be 18 or over to apply for a FlexDirect account.

How we pay interest

On the last day of each month we calculate the interest you've earned each day of that month and then pay you this interest on the 1st day of the next month. We pay interest without tax deducted. Find out more about the changes to the Personal Savings Allowance.

What does AER and gross p.a. mean?

AER stands for 'annual equivalent rate' and illustrates what the interest rate would be if interest were paid and compounded each year.

Gross p.a. is the interest rate without tax deducted.

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Not living in the UK?

If you live in a country that's part of the European Union (EU) or European Economic Area (EEA), you can apply for one of our current accounts.

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